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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Interest income $ 83,721 $ 63,886 $ 170,832 $ 117,365
Gain on sales of loans 260 2,813 1,744 9,924
Other revenue 2,670 2,803 6,967 4,828
Gross revenue 86,651 69,502 179,543 132,117
Cost of revenue:        
Provision for loan losses 32,733 32,271 78,913 57,708
Funding costs 11,616 8,374 22,893 14,096
Total cost of revenue 44,349 40,645 101,806 71,804
Net revenue 42,302 28,857 77,737 60,313
Operating expense:        
Sales and marketing 15,368 16,757 30,187 33,305
Technology and analytics 14,769 13,757 30,212 27,844
Processing and servicing 4,826 4,865 9,361 9,080
General and administrative 9,590 12,149 21,477 21,858
Total operating expense 44,553 47,528 91,237 92,087
Loss from operations (2,251) (18,671) (13,500) (31,774)
Other expense:        
Interest expense (318) (37) (671) (75)
Total other expense (318) (37) (671) (75)
Loss before provision for income taxes (2,569) (18,708) (14,171) (31,849)
Provision for income taxes 0 0 0 0
Net loss (2,569) (18,708) (14,171) (31,849)
Net loss attributable to noncontrolling interest 1,071 813 1,615 1,381
Net loss attributable to On Deck Capital, Inc. common stockholders $ (1,498) $ (17,895) $ (12,556) $ (30,468)
Net loss per share attributable to On Deck Capital, Inc. common shareholders:        
Basic and diluted (in dollars per share) $ (0.02) $ (0.25) $ (0.17) $ (0.43)
Weighted-average common shares outstanding:        
Basic and diluted (in shares) 72,688,815 70,712,142 72,276,734 70,588,784
Comprehensive loss:        
Foreign currency translation adjustment $ 36 $ (326) $ 436 $ 192
Comprehensive loss (2,533) (19,034) (13,735) (31,657)
Comprehensive loss attributable to noncontrolling interests (16) 147 (196) (85)
Net loss attributable to noncontrolling interest 1,071 813 1,615 1,381
Comprehensive loss attributable to On Deck Capital, Inc. common stockholders $ (1,478) $ (18,074) $ (12,316) $ (30,361)